Car Sales Growth May Decline in 2011

Cars in India
While we were still coming to terms with the increased prices of cars and onions, we got another blow: the hike in petrol prices. And the timing could not have been worse than this for the auto industry which already fears a sharp decrease in car sales due to rising interest rates and pinching inflation. And, the final blow would come when the Union Budget 2011 would be read two months later. Chances are that the government would increase the excise duty on small cars.

Indian car sales, which were during pretty well in 2010 with more than 30% growth, might be in for some serious trouble. Industry analysts and officials are of the view that the negatives are fast gaining strength and look set to dampen sentiments. “We are concerned. The sentiment is getting affected and the three negative factors combined will be detrimental for growth,” said Mayank Pareek, managing executive officer (sales and marketing) at Maruti Suzuki.

While rising fuel bills have affected the running cost of the vehicle, the inflation has led to bad sentiments in the market. “We will have to wait and watch to understand the real impact from these factors which will be really felt over the next few months,” he said. The rising costs of petrol (prices have gone up by about Rs 11 since June last year) deter people from using their cars on a regular basis and eventually from buying new cars.

Sandeep Singh, deputy MD at Toyota Kirloskar Motors, agreed with Pareek and said that the situation could get very serious in the coming months. “We are concerned about these issues. Rising petrol prices, higher input costs and repeated increases in interest rates would dampen the growth prospects,” Singh said, adding that the industry would now look at directions from the Union Budget.

Another thing to worry is the increasing interest rates on car loans. After holding steady for about 8-9 months, the interest rates have started to become tighter and have increased by about 3 percentage points in the last four months. And the government’s futile attempts to restrain inflation are going to result in the interest rates going further higher.

The cumulative effect of these negative factors means that you need not only a lot of money to purchase a vehicle but also to maintain it.

posted by carazooblog @ Thursday, January 20th, 2011 Comments Off links to this post
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Proton to enter India with three variants

proton-logo
We have hit on a scoop of news recently. The Malaysian auto giant, Proton, is all set to enter India. Finally. Yep finally, we say, as the auto major has had its radar on the Indian auto market since quite some time. But all its efforts just went in vain.

But now we have some strong source that Proton will be entering India on its own and indulge in contract manufacturing for its small car Savvy, Sedan Saga and MUV Exora.

Proton might use the Argentum Motors facility in Surajpur, Noida initially to manufacture its cars here in India.

Now that we have spoken of the big auto major entering the competitive Indian auto market, Proton is currently re-engineering its models to take on the harsh Indian road conditions. We also hear that Proton is already in talks with original equipment manufacturers (OEMs) to source diesel engines for its cars. This is quite understandable given the diesel craziness that is in charge here.

Sources also say that former Hyundai India president may lead Proton’s India operation.

posted by carazooblog @ Tuesday, December 7th, 2010 Comments Off links to this post
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Maruti Starts Work on its Fully Indigenous Car

Maruti logo
If there is one unconditional love in the world, it is the love of Indian consumers for Maruti cars. As much we love Maruti cars, we could hardly call them our own. So long, Maruti has been using Suzuki Motors’s technology and paying huge royalties to the Japanese company. But soon Marutiwould come up with its ‘made in India’ car. Source have revealed that the country’s largest passenger car manufacturer Maruti Suzuki has already started work on developing its first fully ‘made in India’ car.

This would help the company save a substantial amount of money. And once Maruti Suzuki‘s R&D centre at Rohtak in Haryana is fully developed by 2015, it could start demanding a royalty from its Japanese parent company thereby reversing the current trend. RC Bhargava, chairman Maruti Suzuki said, “There is logic in Suzuki Motor paying a royalty to Maruti…the issue is bound to be addressed at an appropriate time”.

As part of Maruti Suzuki’s strategy to develop and design future models in India, a joint top level team for global product strategy comprising R&D experts from both India and Japan has been formed and headed by Maruti Suzuki’s managing executive officers (engineering) IV Rao and K Asai. According to company sources, the idea of forming a R&D team of experts was taken during Suzuki Motor Corp chairman Osamu Suzuki’s visit to India about two months back.

“The work to develop a fully indigenous car model from the Maruti Suzuki stable is underway. However, the company is yet to fix a specific timeline for it,” a company source said. When contacted IV Rao confirmed the development and said he was heading a team of specialised R&D experts. He said, “So far we (Maruti Suzuki) have been manufacturing cars in India but we are also looking to get into product development which will also be done here”. Rao, however, declined to divulge the exact time period for the launch of the car.

Maruti Suzuki India has also recruited top engineers from US auto companies in Detroit. The new team of engineers have diverse skill sets and will work under Rao and Asai to deliver the new car. The cars rolled out would first be tested in the European markets before they get launched in the Indian market.

Maruti’s first quarter net profit had fallen down by 20% on account of higher royalty pay out to Suzuki. It paid a royalty of Rs 188.70 crore or 5.9% of its total revenues during the quarter. This also included some arrears, which was mainly due to the royalty being revised because the government removed the cap of 5% on sales in domestic market and 8% on overseas sales. This forced the Japanese parent to revise royalty rates.

The R&D centre, the first outside Japan, is coming up at Rohtak at an investment of Rs 1,500 crore. The R&D centre is spread over 700 acre of land and the first phase of the project is estimated to be completed by 2012. The company had stated in August 2009 that Maruti Suzuki is going to design and roll out a car that would be totally developed in India.

posted by carazooblog @ Wednesday, October 27th, 2010 Comments Off links to this post
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Spy Photos of the 2011 Volkswagen Beetle

2011 Newbeetle
The bugs may soon be back with a more powerful sting. Beware! Even the male population may not be spared this time, for we hear that the Volkswagen Beetle will be back with a sportier look trying to appeal even to male audience across the globe. The Volkswagen Beetle is apparently one of the longest running and most produced vehicles of a single design with the first production dating back to 1938. If the Tata Nano was Ratan Tata’s dream, the Volkswagen Beetle was Hitler’s.

Adolf Hitler had commissioned Ferdinand Porsche to design a people’s car for the Germans, and for the story thereafter, you could refer to our article “All about the Love Bug: The Volkswagen Beetle”. The Beetle has seen a lot many technological changes, but the lovely evergreen design remained as trendy as ever; it wasn’t touched until 1994. In 1994, the facelifted Beetle design was exposed with the name Concept 1. Nevertheless, the car still had some rear seat space issues. Now, for 2011, we would have the Beetle flaunting a more practical design, one that’s more aerodynamic and longer with generous space in the rear.

2011 New beetle side

Spy photos of the new car reveal a more angular roof adding space for the rear seat occupants. They feature a much sweptback windscreen and a relatively flatter roofline bowing dramatically as it reaches the C pillar. The new car is based on the A5 platform. The 2011 Volkswagen Beetle may be showcased at the fast approaching Los Angeles Auto Show 2010 in November. A 2.5 litre inline-5 petrol engine may be planted in the car at the show. However, the car maker is believed to be launching the bug with various engine configurations and there may even be a hybrid Beetle.

See the new car’s nose! It’s still draws inspiration from the original. The headlamps, grille and detailing clearly indicate that quality materials have been used with a higher standard of workmanship. The rear end too is characteristically Beetle. As for the rear suspension, the high-end version of the 2011 Beetle is believed to be borrowing the Volkswagen Jetta’s multi-link axle while the diesel and lower-end petrol variants may make use of the less expensive twist beam.

Any guesses why the thought of introducing a new Beetle struck Volkswagen? They say the global sales of the Bug have drastically fallen as the existing model dates from late 90s. Well, is the trendy design becoming outdated? Or, is it because people think the Beetle is a women’s car? If that’s the problem, the new sporty design of the 2011 Beetle comes with a solution.

2011 New Beetle-rear

The car has been a late entrant in the Indian market though. The retro-styled Beetle was launched in the country only recently, and sales numbers are pretty respectable if you compare them with that of the Italian Fiat 500.

Now, will the 2011 Beetle find its way into the Indian roads? Well, with many auto majors taking the Indian route to boost their car sales, we could expect VW to launch the New Beetle too in India. Let’s hope for the best. We also hear that one version of the new Beetle may go topless.

posted by carazooblog @ Tuesday, October 19th, 2010 Comments Off links to this post
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The Hyundai Santa Fe Launched in India at Rs 20.95 Lakh

Santa-FE-SUV-Car-2011
No exaggeration this time! Seriously, it’s really not just raining, but pouring car launches. As the diwali crackers burst, there’s more reason to celebrate. There are new cars getting launched almost every single day, and so, Indians have a better choice of cars this festive season. Now, Hyundai has just launched the SantaFe, their luxury SUV, in India.

The Hyundai Santa Fe will be the company’s premium offering in India and is a technology showcase for the car maker. At the moment, there would be two-variants on offer; a two-wheel drive only (4×2) and the four-wheel-drive (4×4) variant. The seven-seater SantaFe draws power from a 2.2-litre four-cylinder, 16Valve DOHC CRDi motor with an electrically controlled Variable Geometry Turbo for improved acceleration and in-gear response time.

This car already has a lot of segment firsts to its credit. It is a bestseller in the U.S. and Korean car markets. The power output is simply outstanding! The Santa Fe’s CRDi churns out 197 bhp at 4000 rpm and peak torque of 420 Nm at 1800–2500rpm. The new car comes with all-wheel-drive which comes to the rescue when the gigantic SUV treads over slippery surfaces like loose sand or any other surface that demands better traction.

2010-hyundai-santa-fe-interior

However, the Santa Fe is primarily a front-wheel drive with the user-selectable 4WD option that stays powered on up to a speed of 40 km. After that, the Santa Fe goes back to being a front-wheel-drive SUV. As for the transmission, the powerful SUV has been strapped with a super-smooth six-speed manual slush box. There seem to be no plans of Hyundai launching an automatic as of now.

We had a peep into the interiors of the new car, and lo! There were the cosy leather seats and plenty of advanced luxury and convenience features. The third row of seats comes with independent blower control. Then, there was climate control, cruise control, a large enough centre armrest chiller and much more. For entertainment, there was a pretty good audio-kit.

The car’s massive 18-inch alloy wheels truly display the Santa Fe’s aggressive nature. Aggressive yet safe, the Santa Fe has been equipped with six-airbags and a fairly advanced ESP system that works well with the Traction Control and ABS package the car. The car has received five stars for collision safety in the NCAP tests by US National Transport Safety Board. Even the so-called lower-spec variant has been bestowed with fairly safe and luxurious features. ESP, cruise control and the absence of active headrests are some important misses though.

Hyundai claims the mileage of their new SUV to be 14.66 kmpl (ARAI certified). Well, a company that’s known for its high mileage cars, we certainly have no reason to doubt this claim. The ride and handling is amazing, and the Santa Fe’s high levels of refinement it a ‘wanted’ car.

The Hyundai Santa Fe enters the Indian roads as a CBU Import from South Korea. Two variants as mentioned above and four striking colours Phantom Black, Sleek Silver, Vanilla White and Steel Blue that add a streak of sophistication give more reason why one should buy the Santa Fe.

2010-Hyundai-Santa-Fe-22

The new Santa Fe has hit Indian shores at an introductory price of Rs 20.95 Lakh for the Santa Fe 4X2, and the high-end 4X4 variant has been priced at Rs. 22.95 Lakh (ex-showroom Delhi). The SUV has been pitted against the likes of the Chevrolet Captiva, Toyota Fortuner, Ford Endeavour, Mitsubishi Outlander, Nissan X-trail and the upcoming Skoda Yeti. Refined, roomy, efficient, swift, safe and handsome – that’s our final verdict about the new Santa Fe.

posted by carazooblog @ Thursday, October 14th, 2010 Comments Off links to this post
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Unmasked Images of the New Honda Civic

New HondaWe have spoken earlier about the Honda Civic hatchback and also the upcoming facelifted Honda Civic. We have shown you spy photos of the car, but unfortunately they were all camouflaged. However, thanks to Car Middle East, there’s good news today. We have the unmasked pictures of the new car. The car is apparently one of Honda’s longest surviving sedans and is believed to be re-entering the market in its new form.

The images here are of the new Honda Civic caught naked during hot weather tests in UAE. Have a closer look. Don’t you think it’s a little different when compared to the European Honda Civic test mules? See the front fascia. The curves have vanished, and sharper corners are taking their place. If you could remember the Honda Insight, the grille of the new Civic looks more like that of the other car.

The headlamps appear to have shrunk a little. The tail lights, however, are new and complement the boot lid design. Don’t you think the rear bumper can be improved upon? With lack of styling, the rear bumper looks rather plain. Under the hood, we believe, Honda may plant a 1.5-litre motor to replace the current 1.8-litre engine.

Inside the car, the dashboard obeys the two-tier concept just as anticipated and is driver inclined. Surprisingly, it has hit our ear that the updates and additions are designed to enhance the striking appearance and passenger comfort of the car at no extra cost to the customer. We would have to wait for a word from the car maker to know if this is really true. Honda! And extra features for the same price? That would be something unusual.

The Japanese car maker has already stopped selling the Honda Civic in its home market. So, introducing the new Civic first in Japan may not come as a surprise. The car may hit Indian shores along with a launch in other Asian markets soon after that.

Meanwhile, Honda has just revealed details of the 2011 Honda Civic hatchback and it will be available to customers starting next month. The new Civic hatch in the UK features cosmetic changes, and most of the changes have been borrowed from the Honda Civic Type R.

New Honda
The new hatchback model comes with a more muscular front grille, a forceful front bumper bar with triangular driving lights inserted into the lower corners, and a range of new sporty alloy wheels across the range. The car maker has also introduced a new Ionized Bronze metallic exterior colour for the Civic hatch. The Type S has been bestowed with colour-coded side skirts and new 16-inch alloy wheels. In the interiors, the seats seem to have improved, and are covered in half cloth and half Alcantara. Seats in the high-end variant, however, are half leather and half Alcantara.

posted by carazooblog @ Tuesday, October 12th, 2010 Comments Off links to this post
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Tata Aria Launched in India

Tata AriaThe much-awaited Tata Aria, the first Indian four-wheel drive crossover, has been launched with the finesse of a sedan and the muscle of an SUV. The Tata Aria has finally hit Indian roads with the assurance of safety, performance and luxury that’s going to disappoint nobody. The Aria truly exhibits bold proportions and uncompromising aesthetics. The car has been launched in 3 variants, ‘Pleasure’ which is the base model, ‘Pride’ which is the mid-range model and ‘Prestige’ which is the top end model.

Each Aria variant comes in a choice of eight appealing colours; Castelle Gray, Arctic Silver, Walnut Gold, Sardinia Red, Quartz Black, Pearl White, Surf Blue and Night Shade Black. However, you could choose your classic colour and upholstery scheme from the following; Black and Plum, Black and Black, Black and Beige. The new car has been pitted against the likes of the Toyota Innova and Mahindra Xylo.

The front fascia reveals an aggressive car with distinct wrap-around dual barrelled headlamps further highlighting the daring Tata grille. The imposing headlamps, electrically retractable OVRMs, alloy wheels and the horizontal slats chrome grille make the new car one that can be yearned for. A unique pouncing silhouette and dynamic roofline add the extra punch. However, chrome detailing throughout gives the Aria a touch of luxury.

ariaS
The Aria’s powerful 16-valve twin overhead camshaft with 32 bit ECU 2.2 DICOR motor has variable turbine technology. It churns out 138 bhp of power and peak torque of 320 Nm. The perfectly synchronized transmission ensures smooth power delivery and crisp gear shifts. Efficiently taking care of vibrations is the dual mass flywheel.

Seven ergonomically designed seats with generous legroom and headroom go to show that Tata has made no compromise with space. The second and third row of seats can be folded into a large flat bed, or, the two rows could be split folded individually to reveal more space. Plush leather upholstery adds refinement to the interiors while the elegant dashboard with metal accentuation completes the luxurious look.

The Tata Aria is indeed driver friendly with practical features like GPS navigation system, auto climate control, darkness sensing auto headlights, rain sensing auto wipers, driver information system, reverse guide camera and much more. The car does not take the back seat on any feature; be it space, entertainment, storage or luxury. It has been equipped with a 2 Din Integrated music system, audio and phone controls on steering, tilt steering, puddle lamp, luggage room light and 12V charging point, roof utility bins, chrome inner door handles and OVRM controls, glove box chiller, magazine holder, vanity mirror with lights, cup holder and progressive cruise control.

Tata Aria
To care of occupant safety, the Aria comes equipped with head restraints, 6 airbags for driver and passenger, ESP and traction control system, disc brakes on all four wheels, ABS with EBD and more. The Tata Aria will be sold through 69 dealerships in 25 cities. Aria bookings will commence tomorrow and deliveries will begin immediately.

The detailed prices of the Aria are as follows (All prices are ex-showroom in Rs. Lakhs):

Variant

Delhi

Bengaluru

Chennai

Kolkata

Mumbai

Aria Pride (Leather upholstery)

15.5

15.58

15.45

15.52

15.85

Aria Prestige (Leather upholstery)

14.5

14.57

14.45

14.52

14.82

Aria Prestige (Fabric upholstery)

14.13

14.19

14.08

14.15

14.44

Aria Pleasure (Fabric upholstery)

12.91

12.96

12.86

12.93

13.18

posted by carazooblog @ Tuesday, October 12th, 2010 Comments Off links to this post
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Fiat Linea T-Jet Launched in India

Fiat-linea-t-jet-Launch
Car buying during the festive season must be on many minds and Fiat has sensed it too. Fiat India has launched two variants of its C plus flagship car, the Fiat Linea. T-Jet and the T-Jet Plus are the two new variants. The T-Jet carries a tag of Rs. 8.55 Lakh (ex-showroom Delhi) and Rs. 8.84 Lakh (ex-showroom Mumbai). The T-Jet Plus seems to be a little more expensive. It carries a price tag of Rs. 8.99 Lakh (ex-showroom Delhi) and Rs. 9.29 Lakh (ex-showroom Mumbai).

Rajeev Kapoor, president and chief executive of the Indian subsidiary of Italian auto major Fiat said, “Linea T-Jet (model) literally sets a benchmark in the C plus segment with its robust engine and the never ending list of features. Linea T-Jet is sure to give competition in the C plus segment, a run for its money.”

Fiat-linea-t-jet-engine

Fiat claims that the Linea T-Jet has 13 new features and 7 class leading gear. The new variants have been strapped with a more powerful engine. The mileage too seems to have finally got a boost and will now deliver 14.6 kmpl. Safety features have been enhanced too.

They say the new Fiat Linea T-Jet possesses the power to guarantee admiration. The silver-painted radiator grille with the T-Jet monogram, chrome body-side moulding, body coloured outside rear view mirrors the chrome door handles and more, all add to the car’s elegant look. The new Fiat Linea T-Jet has been launched in 3 premium and 2 popular shades. The premium shades are Sunbeam Beige, Tuscan Wine, Fox Trot Azure, while the popular shades are Bossa Nova White and Hip Hop Black.

In the interiors, the new car flaunts elegant and comfy leather upholstery. The car also sports a soft touch dashboard with chrome accents. There’s also auto air conditioning with rear knee and foot level AC vents.

fiat-linea-t-jet-badge

The noise and vibration levels have been decreased. Fiat claims the Linea T-Jet has a top speed of 200 kmph, thanks to its 1368 cc DOHC petrol motor that comes mated with a 5-speed manual transmission. The engine delivers 112 bhp at 5000 rpm and maximum torque of 207 Nm at 2200 rpm. To begin with, the two new variants have been launched only in the Mumbai-Pune and Delhi-National Capital Region (NCR).

Fiat India will initially focus on two of the most important markets, Mumbai, Pune and Delhi, NCR, which constitute 60 percent sales volume in the C plus segment,” the company said in a statement.

Fiat-linea-t-jet

posted by carazooblog @ Friday, October 8th, 2010 Comments Off links to this post
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Honda City ‘Exclusive’ Launched in India with Advanced and Dynamic Styling

Honda City Exclusive
HSCI has just rolled out an exclusive version of the Honda City and the car has been named Honda City Exclusive. The car has been launched with superior and dynamic styling. The newly launched Honda City flaunts a host of new interior and exterior luxury features.

Special editions of Honda cars have already been planned by the car maker for the festive. However, the launch of this exclusive variant happens to be an additional step that Honda has taken to prove its commitment towards offering that ‘something special’ to its fans in the country during the much celebrated festive season.

The new car offers a unique combination of sophisticated styling and fine quality. To add to the luxurious feel and elegance of the car, Honda has added leather seats and leather steering too in both the manual and automatic versions. The manual version of the newly launched City also has a leather gear shift knob.

The appearance has further been accentuated by chic and trendy chrome trunk garnish and chrome door sash moulding along with an ‘Exclusive‘ rear badge and body-coloured mud flaps. This is certainly going to add value to the ownership experience of the Honda City ‘Exclusive’, won’t it?

A new colour Urban Titanium has been added. The existing colours Taffeta White, Alabaster Silver, Crystal Black Pearl, Bold Beige Metallic and Habanero Red would still be available. Speaking on the occasion, Mr. Tatsuya Natsume, Director Marketing, Honda Siel Cars India Ltd. said, “Honda City is one of the most successful and desirable brands in the country. The ‘exclusive’ variant is aimed at further delighting our customers with exclusive luxurious features during this festival period.”

The new car has been priced as follows. The V MT variant has been priced at Rs. 9.53 Lakh (ex-showroom Delhi) while the V AT is available at Rs. 10.25 Lakh (ex-showroom Delhi).

The existing Honda City has been the recipient of 12 Auto Awards including the most prestigious ‘Indian Car of the Year 2009’ (ICOTY) Award. To for those still not convinced about the City’s success, here’s something to convince you. The new Honda City’s immediate success can be confirmed by the fact that it has sold around 54,000 units since its launch in September 2009.

posted by carazooblog @ Wednesday, October 6th, 2010 Comments Off links to this post
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Jaguar C-X75 Hybrid Supercar at the Paris Motor Show

jag1
The Paris Motor Show has been flagged off and Jaguar is proudly showcasing its new supercar, the C-X75 that is all set to deliver 321.8 kmph. Jaguar’s directors want to analyse the hybrid supercar’s reception of critics and the public before deciding if it should go on sale. The new car beautifully blends the desired athletic looks and performance of a supercar with the latest green technology.

The all-new two-seater Jaguar C-X75 is believed to be carrying a 200,000-pound tag, but worth it, right? The electric hybrid supercar flaunts the latest jet-turbine technology from the aviation industry to accelerate from a standstill to 100 kmph in merely 3.5 seconds. By the way, achieving 160 kmph in just 5.5 seconds happens to be achievement number 2.

The C-X75 was already hailed as ‘The E-Type for the 21st Century’. At the Paris Auto Show, it will be scrutinized by a Government minister on a trade mission. The new Jaguar does not carry the boring and the usual internal combustion motor. It instead draws power from a lithium-ion battery charged from the domestic mains. It can run up to 109 km on four 195-bhp each electric motors, one of which drives each of four wheels. So, for the first 100+ kilometres, no harmful carbon emissions whatsoever!

Jag Jet Turbine 2

Later, it connects with the two 94-bhp each rear-mounted super-efficient gas-turbines to get the extra punch of electric power. With this, it can run an additional 900 km. Just imagine the distance you can travel on a single 60 litre tank-full! The carbon emissions at this stage are minimal though; just 28 g/km. The C-X75 displayed at the Paris Motor Show has been strapped with the electric hybrid and gas turbine generator as its power source.

However, Jaguar also says that the supercar could also run on the usual petrol motor. The C-X75 can also run on diesel, biofuels, compressed natural gas or liquid petroleum gas. “A six-hour plug-in charge of the lithium-ion batteries allows an electric-only range of 68 miles,” a Jaguar spokesperson was quoted saying in the Daily Mail. “But the innovative twin-turbines can either charge the car’s batteries, allowing the supercar to travel 560 miles between fill-ups. Or it can automatically provide supplementary power directly to the electric motors to allow the car to top 205 mph.”

He added, “It celebrates three-quarters of a century of beautiful, fast, Jaguars by being the fastest and perhaps most beautiful of them all.” It is indeed the most beautiful! Storm Grey ‘Bridge of Weir’ leather seats and an aircraft-inspired cream suede-like leather and polished aluminium dashboard pamper the driver.

Soft neoprene fully covers the steering wheel. Coddling the two occupants even more is the high-end surround sound hi-fi. Then, there’s the custom-made clock which is kept wound by the car’s acceleration and braking.

The car sports phosphor blue luminescent theatre lighting inside which apparently alters to suit the driver’s mood. One can notice dimming when the supercar jumps to ‘aircraft in combat mode’ at speed or in ‘track’ mode to draw the driver’s attention even more on the driving.

Jag Gas Turbine Jet

In addition to the 1 billion pounds a year Jaguar spends on new models, the car maker has put in 800 million pounds into new green technology. For your info, a new small saloon and a roadster are on the cards. We also hear that Tata has agreed to become a minority shareholder in the British micro gas turbine engine company, Bladon Jets, and its association with Jaguar in the development of the hybrid supercar.

Anwar Hasan, managing director of Tata, said: “The innovative nature of Bladon Jets lies at the very heart of our ethos at Tata and it is a company we have admired for some time. Acquiring a stake in this business is recognition of this and the exciting potential their products have in the automotive and distributed power generation arenas. We look forward to continuing the already close working relationship with Bladon Jets and will take great pride in the future success of their business.”

posted by carazooblog @ Monday, October 4th, 2010 Comments Off links to this post
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